If you die before you take your retirement benefits, a lump sum will be payable. The Trustees of the Legal & General Master Trust will use their discretion as to who to pay the benefits to, but will take your wishes into account. This means that the benefits paid this way do not form part of the estate and therefore are not normally assessable for inheritance tax.
To nominate someone to receive these benefits, simply complete Legal & General’s Nomination of beneficiary form.
If your circumstances change at any time, you should complete this form again to change your beneficiary.
If you die before you leave pensionable employment, Civil Service Pensions may also pay a lump sum of three times your pensionable earnings to your death benefit nominee. You can change your nomination at any time by using the Death Benefit Nomination form.